Public news from HedgeNews
Lewis, Cuomo announced, is facing a lawsuit under the Martin Act for his leadership as chief executive officer of Bank of America when BofA acquired Merrill Lynch & Co. in 2008. Ex-CEO Lewis, Cuomo alleged in his complaint, had knowledge about bonus compensation paid throughout Merrill Lynch just as it merged with BofA. BofA paid $29 a share for Merrill Lynch, a price later criticized when it became clear Mother Merrill had a real value of $1 a share. Lewis has hinted that he succumbed to pressure from the federal government to go through with the purchase. Federal Reserve System boss Ben Bernanke as well as then U.S. Treasury Secretary Hank Paulson interve...
Cuomo Charges BAC
The complaint was filed under the Martin Act, a New York state law that gives the attorney general broad latitude to pursue financial wrongdoing. ...
Former taxi driver gets three years for transporting guns
However she said people like Martin act as a “barrier” between organised criminals and gardaí. She sentenced him to three years with one suspended. Detective Garda Paul Moody told prosecuting counsel, Ms Monika Leech BL, he received a tip-off about the movement of firearms in the Drimnagh area. Shortly afterwards at 10am Martin was seen driving a green Ford Hiace van with his daughter in the passenger seat. He was stopped by a garda patrol car after they observed him throw a bag over a wooden hoarding. The bag was recovered and found to contain two .357 calibre revolvers with the serial numbers filed off. Both guns were in “excellent working condition.”...
New York’s Cuomo Demands Bonus Data From Bailed-Out Banks
He said his jurisdiction was the Martin Act, the state securities law. Cuomo last year demanded similar information from the same banks. ...
Wall Street Moving Cash Into NY Attorney General-s Race
As bureau chief of Spitzer's investor-protection division in the early 2000s, he pushed for using a New York law called the Martin Act to expose fraud. ...
All Federal and State Appeals Court Cases in One Search
Plaintiffs twenty-second cause of action seeks damages under section 352-c of the New York General Business Law (the "Martin Act"). ...
Heinrich Secures Inclusion of Sandia National Laboratories In Cybersecurity Efforts
WASHINGTON, DC – US Representative Martin Heinrich (NM-1) successfully added Sandia National Laboratories to a proposed program to enhance the nation's ...
Prosecutors have too much power
Former New York Attorney General Elliot Spitzer was well known for using New York's Martin Act to prosecute alleged corporate fraud. The president of the U.S. Chamber of Commerce called his public bullying tactics "the most egregious and unacceptable form of intimidation we've seen in this country in modern times." Then there was Travis County, Texas, district attorney, Ronnie Earle, who indicted former House Majority Leader Tom DeLay in 2005 on money laundering charges that stemmed from restrictions on corporate campaign finance donations -- limitations struck down by the Supreme Court's recent decision in Citizens United v. FEC. In the 1970s, Travis County established an of...
Local artists’ work shown in gallery
The Cheraw Arts Commission is featuring artwork by local participants of past oil painting workshops. The workshops were led by Charleston artists, Joyce Hall and Martin Ahrens. The exhibit features studies of techniques that were taught during the workshops.There will be an upcoming workshop with the instructors on February 26-28 at the Cheraw Community Center. Availability is limited, but there are still a few spaces. Please contact the Cheraw Arts Commission for more information at 843.537.8420, ext.12. The public is invited to drop by the Cheraw Community Center during the workshop and see works of art in progress. Workshop hours are 9:00am-4:00pm on Februar...
Three Likely Contenders for New York Attorney General
As bureau chief of Mr. Spitzer's investor-protection division in the early 2000s, he pushed for using a New York law called the Martin Act to expose fraud. ...